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<br /> puyments may na longer be requered,at [he option of L.ender, if mortgage insurance coverage(in the nmount and fur the period
<br /> =''� [hat Irndcr rcyulrcti)provided by an Insurcr approvcd by Lcndcr again hccomcs availablc and is obtaincd. Borrowcr shall pay
<br />��'� the prcmiums rcquired to maintain�rongagc insurancc in cffcct, or to providr,a last rescrvc, until the requircmcnt for mortg�gc _
<br /> "'�� insur�nce ends in aeccudance with anywritten agreement hetwean Borrower and I,ender ar applicabie I��w.
<br /> _;; 9, In.rpectlon. I..cndcr or itc agme may makc rcasanablc entrics upon ansi ins�xcti�ns of thc Properry. l.,cndcr shall givc
<br />°i'� Borrower noiicc nt the time af or priar io an inspection s{xcifying reasanable cnusc for thc ins�xction.
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<br /> -- 10, Candemn�llon. The proeeeds of any award or elaim for damages, direct m• consequential, in connection wit i ��ny
<br />�� condcmnation or othcr taking of any p�rt oP thc Propc:rty, or for convcyancc in licu af condcmnation, arc hcrcby assigncd and c
<br /> —�`_� sh�ll bc paid to Lcndcr.
<br /> _�� In the event of a�otal taking of ihe Pro�ny, the proceeds shall Ix upplicd to the sums secured hy this Security Instnmient,
<br /> whether or not then due, with :uiy caccss paid�o Horrowcr. In the cvent of a partial taking of thc Praperty in wl�ich thc fair
<br /> � market valuc of�he Praperty itnmedi�tcly beforc thc taking is equal to or greatcr than thc amount of thc sums sccurcd by this _
<br />-i�' Security Instrument immediately bcfore the taking,unless Borrowcr and Lendcr othcrwise agrcc in writing, the sums sccurcd by
<br /> �� �his Security Instrument shall be reduced by the atnount of the proceeds multiplicd by the fbllowing fraction: (a) the total
<br /> �x� amount of the sums securcd inmiediately beforc thc taking, divided by (b) the fair m�rkct valuc of the Properry immediately
<br /> �' before the taking. Any balance shall bc paid ta Borrower. !n thc cvcnt of a partial taking of thc Propcny in which tl�c fair
<br /> market valuc of the Property immedi�iely bcfore the taking is Iess than the amount of the sums secured immcd.iately bcfore thc
<br /> ,__ taking,unlcss Borrower and I.enderm[acnvise agree in writing or unless applicable law athcnvise providcs, the procecds shall
<br /> be applied to the sums securcd by this Security Instrumcnt whether or not the sums arc�hen duc.
<br /> lf the Property is abandoncd by Borrower,or if, after notice by Lcnder to Borrower that the condcmnor offers to makc an
<br /> awazd or scttle a claim for damages,E3orrower fails to respond to Lender within 30 days after che date the no[ice is given,
<br /> -�� L.ender is authoriud to collect and apply the pruceeds,at its option,either ro restoration or repair of the Properry or to the sums
<br /> sccured by this Security Instrument,whether or not then due.
<br /> Unless l..ender and Barrower oittetwise agree in writing, any application of procceds to principal shall not extend or
<br /> poscpone the due date of the monthly payments referred to in Faragraphs 1 and 2 ar change the amount of such payments.
<br /> 11. Borrower Not Relwsed: Forbearance By Lender Not w WAiver.Extension of the time for payment or r:wdification
<br /> of amonizatinn of the sums secured by this Security Instrument granted by Lender to any successor in interest of Ba�rowsr shall
<br /> not oixrate to relcase the liability of ihe original Borrower or Botrower's successors in interest. L.ender shall not be required to
<br /> = commence proceedings against any successor in interest or refuse to extend time for payment or otherwise moclify amarti�ation
<br /> -�; of the sums secured by this Securiry instrument by reason of any demand made by thc original Borruwer or Borrower's
<br /> successors in interest. Any forlxarance by Lender in excrcising�,.ny right or remedy shall not be a waiver of or preclude the
<br /> exercisc of any right or remedy.
<br /> lZ. $1��,�p�'S p/1d AS518145 aO�IINj� JOI[Il MOU ;i:�ridi i.tA`vifiij� .�.CrSi6:Ct'�. Tti= «4v�na,nic arq�� aorrrmentc Ilf II11S
<br /> Security Instcument shall bind and bonefit the successors and assigns of l.ender and Borrower, subject to the provi5ions of
<br /> paragraph 17. Borcower's covenanis and agreements shall be joint and several. Any Borrower who co-signs this Security
<br /> instrument but does not exeeute the Note: (a) is co-signing this Security Instrument only to mortga$e, grant and convey that
<br /> 8ott�wer's interest in the Propercy under the terms of this Sccurity Instrument; (b)is not personally obligated to pay the sums
<br /> secured by this Security lnstrument;and(c)agrees that Lender and any other I3orcowcr may agrec tu extcnd, modify,forbear or
<br /> — maice any xcommodations with regard ta the terms of this Security lnstrument or the Note without that Borruwer's consent.
<br /> 13. Loon Charges. If the loan secured by this Security Instrument is subject to a IAw which sets maximum loan charges,
<br /> and that law is Cnally interpreted so that the interest or other loan charges collected or to be collected in connection with the
<br /> loan exceed the permitted timits, then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge
<br /> ta the permitted limir and(b) any sums already collected from Borrower which exceeded permitted li�nits will be refunded to
<br /> Borrower. L.ender may choose to make this refund by reducing the principal owed under the Note or by making a direct
<br /> payment to Borrower. If a refund reduces principal, the reduction will be treated as a parti�l prepayment without any
<br /> prcpaymen[charge under the Note.
<br /> 1A. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing
<br /> it by first class mail unless applicabk law requires use of another method.The notice stialf be directed to the Propeny AAdress
<br /> _ or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to
<br /> Lender's address stated herein or any other address Lender designa[es by notice to B�rrowe�. Any notice provided for in this
<br /> Security lnstrument shall be deemed to Bave been given to Borrawer or Lender when givcn as provided in this paragraph.
<br /> 15. Governing l,aw; Severabllity. This Sccurity Insttumant shall be governed by fcderal law and the law of the
<br />----- jutisdiction in which the Property is located. In the cvent that any provision or clause of this Securiry Instrument or the Note
<br /> - conflicts with applicable law, such conflict shall not affect other prdvisions of this Security instrument or the Note which can be
<br /> ?�:��qi given effec[without the conflicting provision. 'Co this end the provisions of this Security Ie�strument and the Note are declared
<br />_"�::�� to be severable.
<br /> — 16. Borrower's Copy.Borrow�er shall be given one conformed copy of the Note and of this Security lnstrument.
<br /> Form 3028 9/90
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